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Search Results 0 to 32 of about 33 (some duplicates have been removed)
simply avoid the fiscal cliff to get america's economy growing again. >> still have up certain that -- uncertainty that fuels doubts, stops people from making decision. >> bud washington's top leader, house speaker john boehner, says there has been little progress. >> when it comes to the fiscal cliff threatening our economy and threatening jobs, the white house has wasted another week. >> democrats show no signs of backing off from supporting the president's hard-line stance on raising the incomes tax rate for the rich. >> we democrats realize there have to about two sides to the bargain, but in 2011 we put both revenues and cuts on the table. >> but one republican senator revealed this week that tax increases might help solve america's debt crisis. so far the g.o.p. has stood imeps raising taxes. >> what we ought to be working on is the other 93%, because if you want to do what he wants on tax rates, you affect% of the deficit. we have spent ourselves into a hole and we're not going to raise taxes and borrow money and get out of it. so, will i accept a tax increase as a part
of fiscal cliff. >> he said democrats are slow walking the economy to the fiscal cliff, yet, this is the same republican leadership that has the house in session barely a day. barely a full day this week. >> the fiscal cliff is the term that is given to a set of spending cuts and tax increases that will take effect in january if congress does not act to stop them. >>> investigators are trying to determine what happened before a football fan fell or jumped from the third deck at the oakland coliseum. he fell to the concourse during last night's broncos, raiders game and taken to the hospital with serious injuries. they called it an accident and it remains under investigation. >> the rails are like three to 4 feet. if you don't pay attention, you can fall. he fell yesterday. >> the raiders did issue a statement. the team had no information beyond what authorities are releasing. their thoughts and prayers are with the family and friends. >>> coming up in a few minutes, roger good dell will say where the raiders shall play in the future and who would pay to build a new stadium.
immediate crisis. >> when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: democrats show no signs of backing off from supporting the president' hard line stance on raising the income tax rate on the rich. >> we democrats realize there has to be two sides to this bargain, but we're not going to go back to what bewy did in 2011. we put both revenues and cuts on the table. >> reporter: but despite the impasse in washington, the director sees promising signs that the economy may be improving. for the fiscal crisis she recommended a balanced solution, spending cuts combined with an increase in tax revenue. el geth corridan, kutv charles. >>> quarter of an inch assembly leaders say there is no plan to end a controversial practice of changing voteds after a bill passes or fails. half of those sworn into the assembly are new to the job and the associated press reports that during the past session assembly members changed their votes more than 5,000 times. the practice does not affect the outcome of a bill, but
to avoiding the fiscal cliff. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the whitehouse has wasted another week. >> speaker boehner and president obama spoke only once this scombeek boehner called the talk unproductive. boehner did not say e, he did not repeat his demand to keep tax cuts for the wealthy in place. the president insists taxing should go up on the top 2% of income earners. nancy pelosi responded to criticism that democrats are to blame for the stale meat. >> boehner says that democrats are slow walking this had but this is the same leader who had the house in session barely a full day of this week. >> if a deal is not reached by the end of this year, automatic tax increases and spending cuts go into effect. >> transportation officials today called for the use of data recorders to help improve drive driver safet . these would record vehicle speed, air bag deployment and whether seatbelts were buckled. they say installing those recorders would help gather valuable information. the agency would like to them see them in
, a slow walk our economy to the edge of the fiscal cliff. >> democrats saypí>!p democratse slow walking the economy. yes. this is the same republican leadership that had to have incentive and session barely a day. barely a full day as this week. >> if we do go oaf the cliff, it will be especially bad for the unemployed. about 400,000 will stop receiving checks. >> police intercepted two bombs on the east of hillary clinton's visit top?édz northern ireand. officers rammed a car and seized a car hours before the sogs arrived. hours later they revealed a bomb had been found in a mailbox in a loyalist area of county down. detectives questioning four ñ republican army members.ublican >> sad ending this afternoon to what started out as a joke played by two djs involving the pregnancy of prince william wife's kate, the duchess of cambridge. a nurse who was drawn into the prank has died, a suspected suicide. a hospital nurse caring for the pregnant duchess of cambridge tricked by two radio disc jockeys has apparently committed suicide. the woman who served -- worked at sing 7th hospital had b
if ongoing fiscal cliff negotiations fail before the deadline. >>> popular hotel is being accused of race 'em. raz entertainment, the company that runs the razz room cabaret at hotel nicco has filed a suit it claim the hotel and its general manager wouldn't extend the club's lease because the spa was bringing too many african-americans into the hotel for their shows. a spokeswoman for the hotel says those claims are not true. >>> is the rain over? meteorologist lisa argen is next with our forecast. >>> we didn't see much, what we call a moisture starved front. as you look at this picture, a few stratocumulus clouds, more sun than showers we'll tack about the cool temperatures, -- we'll talk about the cool temperatures, all coming up. >>> employers have spoken bay area companies ranked some of the best places to work. >>> live look from where the 21st annual food drive is underway santana row in san jose. we check in with the news team around the bay area in three >>> today abc7 is proud to present the 21st annual share your holiday food drive. we have crews at three locations. let's check in
thefully negotiation -- impacts the fiscal cliff negotiation. >>> a youth group visiting florida got robbed. the group made of you of 24 teenagers and said they were eating in a restaurant in fort lauderdale, florida about an hour after they arrived for a weekend youth conference. they say thieves stole $12,000 cash. one member of the group was able to have money wired to them. so they were able to spend last night in a hotel. we have no word yet if that group will return to oakland today. >>> funeral services will be held this weekend for two teenaged girs shot to death in oakland last month. funeral services will be held for ra chef at cooper's -- raquel at cooper's and the girls were found last month near brookdale park. they had been shot as many as 36 times. no arrests have been made as of yet. >>> today is the 71st anniversary of the attack on pearl harbor. bay area survivors will mark the day by marking the been to on mt. diablo at desk. >> the eye of diablo was turned off on teague 8th, the day after the attack. so it would not be a , so it would not be a guide for -- so it would no
parties to reach a compromise. we have the latest. >> the deadline to avoid the fiscal cliff is december 316789 lawmakers have less time if they want get something together that congress can pass and the president can sign. >> the longer the white house road blocks this discussion, closer our economy gets to the fiscal cliff. >> in an interview, the president was optimistic a deal can be reached. >> i'm confident republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. >> monday night, white house sent speaker boehner on offer including $1.2 trillion in new revenue. yesterday, boehner sent a counter proposal back but looked almost exactly like their original plan. $800 in new revenue continues to be the sticking point. tax rates on the top earners. republicans insist the white house gives them specifics on the cuts the president is willing to make. yesterday spokesman brought out a copy of the budget, evidence they've done that already. >> this is not a mystery this, is the document. it contains the spending cuts. >> speaker boehner sa
walk our economy right to the edge of the fiscal cliff.
the president adopted a strategy to slow walk our economy to the edge othe fiscal cliff. -- edge of the fiscal cliff. >> vice president joe biden said a deal could be done in 15 minutes. he made the comments during a lunch with people the white house described as middle class. >> couple hundred bay area senior citizens made noise today about the fiscal cliff. [ music playing ] >> they held a flash mob in front of the federal building in downtown san francisco. they are rallying for social security, medicare and medicare. they support the president's plan. >>> another winner. what we know about the latest person to claim a huge power ball jackpot. >> the weather is looking nice. the warmest day of the weekend and when shower chances return in the five-day forecast. >> parents complain their daughters are being bullied. we will tell you what is happening at a middle school. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the
of the year. return "when it comes to the fiscal cliff that is threatening our economy and threatening jobs the white house has for the president if he's with a counter offer." >> congressional republicans days and counting to work will take effect. r today marks the 71st anniversary of japan's deadly attack on pearl a 21 gun salute. 7th, 1941. >>jacqueline: on 60s to cupertino, also 60s for the inland valleys. 60s in livermore, concord, and a low 60s for the east bayshore. along the coast, 60s in ocean beach. 60s for the north bay and with a look at your extended forecast areas of fog in the north bay. and for the valleys as we go towards the sunday less fog with a chilly morning we will keep it pretty mild. and things will cool down and the possibility of rainfall returning to the forecast. right now, there's a 30 percent chance to will keep you posted on the shower activity as we get closer. >> today is the 71st anniversary of the deadly attack on pearl harbor. you will hear from one veteran that has survived. it's not just hand hel >> its been since 1940. >> i saw the first torpedo drop
report. >>> dire warning about what would happen if the u.s. economy goes over the fiscal cliff. survey says 1 1/2 million americans could lose jobs if lawmakers fail to come to agreement automatic spending cuts and tax increases are triggered inside. nationwide insurance warning computer network hacked names, birth dates, social security and driver licenses numbers likely stolen nationwide is apologizing and offering identity theft profession for years. hostess may have a buyer for its wonder bread bran. even with the sale, it could take -- take months before the bread brand wraps up again. >>> estimated 300 million dollar magic kingdom make overincludes pagers so and serving beer and wine themó?5to past five years. >>> abc7 is owned by disney. >>> big change that could be coming to storm warnings because of superstorm san >> dispute forcing bay area -- >>> welcome back. check out last three hours on live doppler, quiet radar returns over the ocean is the beam shooting into the clouds nothing is talling but moist with mist hanging in the -- nothing is falling but moist with the mist
the fiscal cliff and get the economy back on track. but he says it's going to take some sacrifice. here's a look at the president shaking hands with business leaders about 15 minutes ago and he's calli for tax increases on the wealthiest americans and an extension of tax rates for the middle school. talks have fallen apart in recent days. but the president insists he's working with republicans to try to get a deal. republicans are willing to cut -- >> reporter: republicans are willing to cut loopholes. here's what john boehner said. >> the revenues being put on the table are gonna come from guess who? the rich. >> reporter: republicans say it's clear to them that president obama is not serious about negotiating. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >>> 8:17. we asked some people in the bay area whether they think the president and congress will reach an agreement on the fiscal cliff by the end of the year. >> they both have this position that they are not willing to back down from. i don't think they will reach it. >> i'm hoping and praying that they
to make a difference. >>- q. i and avoiding the -- >> and avoiding the fiscal cliff. the latest meeting to shore up the economy. and what is in a name? the east bay chant fighting to keep things the way they are. we will be right back. >>> good evening. i'm ama dates. in tonight's headlines two people were found tied nupt middle of the street in san francisco's visitation valley. police tell us one was shot in the face. both victims were rushed to san francisco general hospital. also in san francisco, occupants of a stalled car managed to get out before a cal train smashed into the vehicle. the collision on 16th street near seventh stopped service for a short amount of time. >>> the search suspended for a missing 77-year-old fair oaks man. philip maddingly was last seen on his tug boat late saturday evening while restoring a world war ii vessel. officials believe he may have fallen into the water. >>> we are learning more about a one-on-one meeting at the whoit house today between john baner and the president. with just 23 days to go, are they any closer to a decision to prevent the fis
and avoiding the -- >> and avoiding the fiscal cliff. the latest meeting to shore up the economy. and what is in a name? the east bay chant fighting to keep things the way they are. we will be right back. >>> good evening. i'm ama dates. in tonight's headlines two people were found tied nupt middle of the street in san francisco's visitation valley. police tell us one was shot in the face. both victims were rushed to san francisco general hospital. also in san francisco, occupants of a stalled car managed to get out before a cal train smashed into the vehicle. the collision on 16th street near seventh stopped service for a short amount of time. >>> the search suspended for a missing 77-year-old fair oaks man. philip maddingly was last seen on his tug boat late saturday evening while restoring a world war ii vessel. officials believe he may have fallen into the water. >>> we are learning more about a one-on-one meeting at the whoit house today between john baner and the president. with just 23 days to go, are they any closer to a decision to prevent the fiscal cliff. >> for the first time i
the white house today about the fiscal cliff. treasury secretary, tim geithner said the administration is quote, absolutely ready to let the economy go over that cliff, rather than drop the higher tax rates for top earners. president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to cut 11,000 j
the fiscal cliff. treasury secretary, tim geithner said the administration is quote, absolutely ready to let the economy go over that cliff, rather than drop the higher tax rates for top earners. president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to cut 11,000 jobs, or 4% of its workforce. the c
the economy move along and what he says, cushion the fall from the fiscal cliff and we will follow that on our noon news. >> we will go ahead and smile and say good morning, it is wednesday december 12th, i am dave clark. >>> a gunman is dead after shooting into a crowd at an oregon mall. sheriff's deputies say he killed two people before turning the gun on himself. joining us from portland where it all happened, good morning, dan. >> reporter: yes, good morning, pam and dave, what a horrible scene this was yesterday. 3:30 in the afternoon, exactly two weeks before christmas, this mall was teeming with shoppers and as many as 10,000 people were inside at the time when shots started ringing out. we understand from eyewitnesses a gunman walked through the macy's store of this maul and then -- mall and then walked to the food court and then fired shots and 5 to 18 more as he shot indiscriminately down the mall area here. we understand two people were killed, a third person was shot, she was wounded, a 15- year-old was taken to a local hospital and the good news is that 15-year-old girl is expecte
a cautious approach with the economy and looming fiscal cliff and the surprise announcement that italy's prime minister is going to resign. that's putting stress on europe's efforts to get control of the its crisis. >>> there are new and serious problems with apple maps on the iphone. police in mildora, australia say they've been having to rescue people because apple maps say it is located in a national park 40 miles away. some drivers have been stranded in the park without food or water while looking for mildura. others have had to walk through temperatures of 150 degrees. apple has promised to fix the app. >>> this big rig fire -- the big rick burst into flames early this morning -- big rig burst into flames early this morning. it happened in san leandro after the truck ran into power lines. two people were in the truck, they escaped safely, thanks to the quick thicking of the driver who happened to have been a volunteer firefighter. >>> a man and woman were found bound and gagged in a san francisco street. that man has since died. the two were tied -- found tied up on mansel street
gets to the fiscal cliff. >> reporter: mr. obama's new proposal lowered his request for tax revenue from $1.6 trillion in ten years to $1.4 trillion.trillion on tuesday the white house threw corporate tax reform into the mix, adding it to the already agreed upon push next year for reform of individual tax rates.dismisse boehner's described it as unrealistic and said the tax revenue was "a red herring." the top senate democrat doubted a fiscal cliff deal would be l cli wrapped in time for christmas. >> i think it's going to be extremely difficult to get it done before christmas. >> reporter: speaker boehner is meeting at this hour with house republicans. despite all the gloom the president said he remains confident a fiscal cliff deal will get done. charlie and norah? >> major garrett thank you. nancy pelosi leads the democratseads in the house of representatives. we're pleased to have her with this m us.good good morning. >> good morning. >> where are these negotiations? when they were bargaining over the grand bargain you gave the the president and your caucus did
has a lot at stake if the fiscal cliff isn't averted. the state could lose $4.5 billion in federal funds. the legislative analyst office estimates the budget may shrink by $11 billion over two years. >> people think the economy would be drawn into recession. just like any recession that would affect state economy, revenues and result in billions of less tax revenue for the state.@sh >> southern california could be hit hard. a loss of 135,000 jobs last year. another recession is the last thing they want. they're urnling leaders to come to an agreement. >> if it continues to slow as much as it is now, it's fine, if at all. >> because voter as prove td prop 30,i sales tax will go up one quarter of a percent. high wage earners will are to pay more. if the bush tax cuts are loued to expire, a typical family of four liability will go up another $2200 a year. >> eating and rent and bills and stuff? it's hard. >> no deal on avoiding the fiscal cliff means about 400,000 are set to lose their unemployment benefits extension. thousands of low income families whose programs relie on funding c
. bernanke says it is not enough to keep the economy from going over the fiscal cliff but it could help cushion the fall. >>> 8:47. let's bring you up to date on some of the other top stories we're following for you right now -- look at this. a san jose man was arrested after his truck slammed into an apartment building early this morning and children were sleeping inside. luckily nobody was seriously hurt. the building was severely damaged. the 21-year-old was arrested on suspicion of drunk driving. >>> and the united states will be pushing for a united nations security council resolution condemning north korea for lunching that rocket. the u.s. believes north korea uses rocket line of -- launches like that to test its long- range missil technology. >>> and house speaker john boehner this morning said he and president obama are still far apart in the fiscal cliff negotiations. bohn erspoke last night with the president -- boehner spoke last night with the president. >>> 8:48. the owner of a monkey found wounderring in an ikea parking lot in canada is fighting to get her pet back. she s
. much of the interview is focused on the fiscal cliff. it also talked about topics vital to tech and business communities. and what more could be done to boost the economy. here is some of what he had to say. >> conversation was ceos, they teal me we're ready to fire. -- hire. but we want a little bit of certainty out there. and what is missing is not only a deal, on long term deficit reduction. what smising is steps we can be taking now. >> if you own shares of oracle, next check will be bigger than usual. ora cell will pay next three dividends at once. the software giant joins a lift of companies moving dividends forward into the year to avoid a phone shall tax hike in january. and shares of pandora falling after the company says the loss will be wider than forecast. it wasn't all bad news, pan doora said sales rose 60% and profits rose 187%. stocks were little changed after the president held his ground about raising taxes to the highest income tern americans. your bloomberg silicon valley index closed qlor, apple, google and ebay dragging index down. disney and net flix reach
asked general electric chairman and ceo jeff immelt for his thoughts on the looming fiscal cliff and the impact it could have on the u.s. economy. >> i'd make a couple comments. we've got to get this done now. not there are people who write and go on news shows and say we can let it lapse two weeks. that is specifically not true. we need this to get resolved now. not because because jim mcnerney will say it or jeff immelt will say it, but the millions who work for us, their lives are in flux. this is incredibly credible that we get it done now. we need revenue. everybody knows we need revenue. >> i think the president is right in asking for more revenue and therefore not extending the bush tax cuts to those with more than $250,000. >> bowles-simpson, there's not been one commission that says we can do this just on spending cuts. there has to be revenue. i think speaker boehner is the only guy that can lead us in that. >> that means you've got to take the republicans from the house of representatives and make the deal. >> and i trust that he could do it. >> we'll have more of that
time, the economy is expected to tank. >> there is no question about it. going over the "fiscal cliff" to most economists is really stupid. if it happens, we would go into a recession. >> reporter: and with no deal reached, who is to blame for all the this washington gridlock? just ask the american people. according to a new pugh research poll, 53% blame the republicans. 27% blame the president. we'll be watching. >> that's interesting, all those dollars that you just added up for california, multiply that by the other 49 states. >> reporter: it's a really scary thought. they have to solve this. >> grace lee, thank you. >>> a new study could change the current standard of care in breast cancer treatment. british researchers say that breast cancer patients who took tamoxifen for 10 years instead of the usual 5 were less likely to die from the disease. and less likely to have their cancer come back. >> if it's particularly in the second 10 years, that's very- ful i think for that group of women -- that's very helpful i think for that group of women who have been worrying until now. >> t
around 930 our time. a caught us a summit is that anxiety about the fiscal cliff may be misplaced and that a brief fall probably wouldn't be too damaging. even if they years passes with no deal there be no need to panic as long as an agreement seemed likely soon. the tax increases and spending cuts could be retroactively repealed. a new report is encouraging small news for small business especially in light of super storm sandy. mastercard advisers and wells fargo reported spending by holiday shoppers trump sandy's impact on small businesses in november. the report says shoppers spent 5.2% more in small retailers in november than they did last year. the total u.s. retail sales increased 4 1/2% for the same period. >> apple has begun the early stages of a television set testing. that's the word from wall street journal this morning. kaukauna's collaborating with giant tax to test designs for a large screen high-resolution tv. apple has been testing television several times for a number of years. the testing comes after apple ceo them put hinted in an interview last month of the new
to visit with a family staring over the fiscal cliff. >> reporter: sean and jody watson have four daughters ages five to 14 and know all too well the sacrifices and sleepless nights endured by middle-class families in a struggling economy. >> we don't go out to eat much. we don't spend-- we don't go to the movies much. >> we do a lot of thrift store shopping for my kids for clothes. >> reporter: shawn was unemployed for a year in washington state then two years ago he got a job as an accountant with the federal government so the family of six-- their savings depleted-- moved across the country to woodbridge, virginia. his salary of a little more than $70,000 is less than what he used to make. >> before we lost our job they were in-- two were in piano and we haven't been able to do things like that. >> reporter: what's the hardest part of this? >> for me it's my kids, knowing that i want more for them. my oldest, who's the one that's most aware of what we've been going through the last couple years she asked me recently, this summer, she's like "mommy, when are we going to stop feeling like
to prevent falling off the fiscal cliff. >> they agreed with the balanced approach that asked something from everyone, but a little more from those who can afford it the most of the it's only way to put our economy on a sustainable panel without asking even more from the middle-class. >> florida senator marco rubio responded with a call for limited government, reform in the tax code and the goal of creating new taxpayers, not new taxes. >>> president obama has outlined what corporations can do to help the nation celebrate his inaugural in january. while taxes pay for the swearingin, festivities are privately funded new hampshire 2009 mr. obama refused corporate donations and he is now accepting them in packages up to $1 million. . >>> former south of canpresident nelson mandela was admitted to a hospital. current president of south africa says there was no cause for alarm by the4-year-old's health. mandela spent 27 years in prison for fighting fighting apartheid in south africa. >>> two dozen teens work on ideas at castro library this afternoon. >> it's really interesting ideas at inspectio
. the unemployment rate fell to 7.7%. the jobs report comes on the heels of the ongoing fiscal cliff debate. economists estimate 200,000 fewer jobs have been created this year due to uncertainty over the fiscal cliff. aides to president obama and speaker boehner met yesterday afternoon, but that meeting ended with no signs of progress. stay with abc7 morning news, 6:30 the opening bell live from the new york stock exchange. 6:45 live to jane king for an update. >>> in a few hours pearl harbor survivors as well as military and coast guard veterans will place a wreath in alameda to mark the 71st anniversary of the japanese attack on the pearl harbor base in hawaii. it will be followed by a 20 within gun salute. more than 2400 americans died when the japanese bombed pearl harbor in a surprise attack december 7th, 1941. the attack helped usher the u.s. into world war ii. 3:45 in afternoon sons and daughters of survivors will attend the 48th annual beacon lighting in honor of pearl harbor day. >>> the iphone is likely coming to t-mobile in the new year, the company says it will add apple product
Search Results 0 to 32 of about 33 (some duplicates have been removed)